Elm IPO: subscription period, key dates

03/02/2022 Argaam Special
Logo of Elm Co.

Logo of Elm Co.

Retail investors start, today, Feb. 3, subscription to 7.2 million shares of Elm Co., at SAR 128 a share.

 

Subscription period for the IPO will continue for four days until Sunday, Feb. 6.

 

The company is offering 24 million shares in an IPO, representing 30% of its capital, of which 30% was allocated to retail investors and 70% to institutional investors, according to data compiled by Argaam.

 

Key IPO Dates

Subscription period for retail investors

4 days from Thursday, Feb. 3 until the end of Sunday, Feb. 6

End of retail investors IPO

Feb. 6, 2022

Final allotment

Feb. 8, 2022

Surplus repayment (if any)

Feb. 10, 2022

Expected date for the beginning of shares trading

Upon fulfilling all requirements and related regulatory procedures.

 

For More IPOs

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